Tuesday, May 21

Tag: tech

Amazon testing wearable device for Warehouse workers to maintain social distancing
Tech

Amazon testing wearable device for Warehouse workers to maintain social distancing

San Francisco, June 17: E-commerce player Amazon.com is testing a wearable device that will alert warehouse workers to maintain social distance at work during the Chinese Covid-19 epidemic. The wearable device will sound a loud beeping noise and flashes light when workers do not maintain the safe distance. According to a report in CNBC on Tuesday, the device comprises a clear plastic sleeve and a clip that has an LED light and audio system embedded in it. The device will be used by Amazon's facility in Kent, Washington, starting Wednesday, said the report, citing a private online group for warehouse workers. The report comes amid fierce criticism that Amazon has faced from its former and current employees regarding its safety measures for workers. Amazon is even being sued ...
Shiprocket raises USD 13 mn in Series C Round
FUNDING

Shiprocket raises USD 13 mn in Series C Round

Tech based logistics aggregator Shiprocket raises USD 13 million (about Rs 100 crore) in Series C funding round. The funding was led by Tribe Capital LLC and Innoven Capital and it also saw participation from existing investor Bertelsmann India Investments. The latest round of Shiprocket's will make its total funding to USD 26 million. "The investment will be used to fuel Shiprocket's aggressive product development roadmap which includes hiring top talent across data science and engineering domains. The funds will also be focused on the company's new initiatives including its international expansions," it added. As part of the agreement, Arjun Sethi from Tribe Capital LLC will join Shiprocket's board of directors. "The boom in D2C (Direct to Consumer) brands and social se...
HouseCanary Acquires Real Estate Technology Startup
ACQUISITION

HouseCanary Acquires Real Estate Technology Startup

Home valuation fintech pioneer HouseCanary has acquired Dropmodel, a technology startup with analytic and financial modeling solutions for the single-family real estate asset class. In addition, Dropmodel Co-Founder Tom Blake has joined the company as Vice President of Investor Platform. This is the first acquisition for HouseCanary which recently closed a $65M Series C growth funding round. Dropmodel is a web-based real estate financial modeling, analysis, and presentation application that includes a suite of smart, flexible models, calculators, and tools for the single-family real estate sector. It helps single-family real estate investors across all strategies "drop" their data into analytical models and get instant, comprehensive results that support data-driven business de...
Hasura raises USD 9.9 mn funding from Vertex Ventures US & Others
FUNDING

Hasura raises USD 9.9 mn funding from Vertex Ventures US & Others

Tech firm Hasura has raised USD 9.9 million (about Rs 70 crore) in funding, led by Vertex Ventures US. The series A round also saw participation from SAP.iO Fund, the early-stage venture arm of SAP, existing investors Nexus Venture Partners and Strive VC, a statement said. Several angels like James Tamplin (founder of Firebase), Sam Lambert (VP of Infrastructure Engineering at GitHub), Amod Malvia (co-founder of Udaan, ex CTO Flipkart), and Michael Stoppelman (ex-SVP of Engineering at Yelp) also participated, it added. Hasura is a San Francisco based privately held software technology company that builds developer tooling products, including open source tools, backend as a service (BaaS) and platform as a service (PaaS) products. The company provides data access and data flow...
Sachin Bansal’s Navi Acquires MavenHive
ACQUISITION

Sachin Bansal’s Navi Acquires MavenHive

Navi, which has been co-founded by Flipkart co-founder Sachin Bansal has acquired Bengaluru-based Mavenhive. MavenHive, a technology consulting firm, will help Navi leapfrog their product development initiatives, a statement said. The Mavenhive team along with its founders have joined Navi, it added. No financial details were disclosed. Founded by Bhavin Javia and Anandha Krishnan, MavenHive has helped tech companies like Flipkart, Gojek, Grasshopper, Scripbox and others in their product journeys, the statement said. "We are very excited about this acquisition which will add great capability to our ambitions to build cutting edge technology platforms that can take applications to scale. This acquisition will add to Navi's technology capabilities," Navi CEO Sachin Bansal sai...
Capgemini will Acquire Altran Technologies For $4.1 billion
ACQUISITION

Capgemini will Acquire Altran Technologies For $4.1 billion

Paris and Neuilly-sur-Seine, June 24, 2019 – World's leading IT consulting company Capgemini have entered into an agreement whereby Capgemini is to acquire Altran for $4.1 billion (€3.6 billion) excluding net financial debt of €1.4 billion The acquisition is approved by the Boards of Directors of Capgemini and Altran. Capgemini has also acquire 11% shares of Altran capital from a group of shareholders led by Apax Partners. Paul Hermelin, Chairman and Chief Executive Officer of the Capgemini Group, said, “This proposed combination enables Capgemini to take the lead in a very promising market segment what we call ‘Intelligent Industry’ or the digital transformation of industrial and tech companies. By joining forces, we are positioning ourselves as a clear strategic partner to assist ...
TCS signs a deal with India Post to transform country’s mail delivery system
INDIA

TCS signs a deal with India Post to transform country’s mail delivery system

India's largest IT services company, Tata Consultancy Services (TCS), has partnered with the Department of Posts in a bid to transform it into a multi-service digital hub, modernise the delivery of mail and packages, enhance customer experience, and launch innovative services that will drive new revenues. At the heart of this transformation is the Core System Integration (CSI) program designed and implemented by TCS. This involved deploying an integrated ERP (enterprise resource planning) solution that caters to mail operations, finance and accounting, and HR functions, and connects its vast network of more than 150,000 post offices, making this the largest distributed ePostal network in the world. The integrated solution is built to cater to the Department’s immense scale, and fut...
Instagram will now Allow Users to Share Stories with a Select Group
Tech

Instagram will now Allow Users to Share Stories with a Select Group

Photo sharing social media platform Instagram is coming up with the ability for users to share their Stories with a select group of friends. With this, the users can create a list of their close friends and share more personal moments with them. This feature will be available on Instagram's iOS and Android apps. The Instagram users can add people to the list by selecting the "Close Friends" option in the pop-over menu on their profile. No one can publicly request to be added to the list and only users can see their list of close friends. While people who are added to a list will know they're on it, they won't be able to know who else is on the list. They also won't be notified when they are added or removed from the list. Users can then take a picture or video using the camera opt...
Tech Mahindra Will Hire 4,000 Freshers Globally on Demand Basis
News

Tech Mahindra Will Hire 4,000 Freshers Globally on Demand Basis

India's leading software development company Tech Mahindra looking to hire around 4,000 freshers in next 9 months. According to the company, the major focus on "demand-based" hiring instead of creating an inventory. Mumbai based IT company has already hired about 1,800 fresh graduates in the first quarter of the ongoing fiscal. The total headcount of the company is 1,13,552 people at the end of June 2018 quarter, an addition of 745 people over the preceding quarter. The software headcount was 72,462 people, while those in BPO were 34,700 and 6,390 people in sales and support function in the said quarter. Tech Mahindra CEO and MD C P Gurnani said trends suggest that hiring is no longer linear to the growth of companies. Also, fresher hiring is distributed ie a centre in Pl...
Google, Facebook, Microsoft and Twitter Band Together For The Data Transfer Project
Tech

Google, Facebook, Microsoft and Twitter Band Together For The Data Transfer Project

Four of the biggest technology companies are associating together to make it easier for the users to download and transfer their data between services. Google, Microsoft, Facebook and Twitter formally announced The Data Transfer Project (DTP) today, an open-source initiative to create new tools that ‘enable people to freely move their information across the web without any kind of hassle. The Data Transfer Project is an open source initiative “dedicated to developing tools that will enable consumers to transfer their data directly from one service to another, without needing to download and re-upload it.” With portability and interoperability as the goal, this reduces the problem of switching especially for people with limited data and then manually upload it to another product. W...
5 Ways in Which Small Businesses can Survive amidst Technological Revolution
ANALYSIS

5 Ways in Which Small Businesses can Survive amidst Technological Revolution

Are you a small business owner facing a crisis on the economic front? Has your business fallen on hard times and things seem unresolvable? Running a business is never a cakewalk, but sometimes it gets tough to make both ends meet. In the dynamic age of technology that is driven by gadgets and everything going "smart", one can never be sure of smooth sustenance. A business that is at the zenith of success might find itself struggling in the wake of inevitable competition and rising customer expectations. While its never too late to begin, it's the right time for business owners to begin evaluating future before it gets overtaken by constantly changing technology. Entrepreneurs need to have a clear picture of how they see themselves in future instead of getting overwhelmed by evolving ...
Pando Raises Funding From Nexus Venture, Freshdesk Founder & others
FUNDING

Pando Raises Funding From Nexus Venture, Freshdesk Founder & others

Bengaluru based logistics company Pando has raised $2 Million seed funding led by Nexus Venture Partners. Kashyap Deorah at Hypertrack, Girish Mathrubootham at Freshdesk, Nishant Rao at Sirion Labs (Ex-LinkedIn India MD), and P Balaji at Vodafone (Ex-Nokia, Sony Erickson India MD) also participated in this round. Digital enabled logistics platform Pando solves a key problem of convergence, on the demand (shipper or enterprise) side of the ecosystem, which is a large, global white-space. The platform was built on a simple observation logistics is inherently networked. In India, the logistics market estimated is up to $200 billion every year. Globally, this number is close to $10 Trillion. The Pando Enterprise Suite is one of the region’s first enterprise-grade logistics management ...